-Scroll.in Costlier imports and the widening of the current account deficit is likely to eat into India’s foreign currency exchange reserves. The Indian rupee touched a historical low, trading almost at Rs 80 against the US dollar on Wednesday. A knee-jerk, macro-analytical response studying India’s currency performance would mistakenly see this trend in isolation, while projecting a weakening of macro-economic fuNDAmentals to be leading towards a depreciation. Looking closely at the numbers it...
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Land banks in Jharkhand may become a recipe for conflicts -Sushmita
-India.Mongabay.com * The allocation of lands for new commercial coal mines is likely to renew issues related to the creation of land banks in Jharkhand. * Common lands that people use have been transferred to land banks over the years, and physical surveys to record actual rights aren’t complete yet. * Lack of effective implementation of the Forest Rights Act 2006 on forest land (also part of land banks) has been a major...
More »Windfall tax on corporations goes as 5% GST on food items kicks in -Prasanna Mohanty
-Cenfa.org In continuation of its pro-corporate and anti-poor tax policy, the Centre imposes tax on the common man battling hunger and inflation while sparing corporates making windfall gains and record profits In keeping with its anti-people and pro-corporate tax policy, the Central government withdrew the windfall tax on oil exports on July 19th &NDAsh; 19 days after it was imposed &NDAsh; with effect from July 20. This comes a day after a...
More »UAPA Case Data Suggests That Process Is Indeed the Punishment
-TheWire.in Data revealed by the Union home ministry in the Rajya Sabha showed that 97.5% of people arrested under UAPA between 2016 and 2020 have been imprisoned for multiple years while waiting for trial. New Delhi: Figures released by the Union home ministry in the Rajya Sabha have backed up the belief that the ‘process is the punishment‘, especially when cases are registered under the draconian Unlawful Activities (Prevention) Act (UAPA). In a...
More »In MP’s fertile Narmadapuram, fertiliser overuse is hurting soil quality and wheat production -Rakesh Kumar Malviya
-Mongabay India/ Scroll.in Data from the state’s agriculture department shows that the production of wheat in the region has remained stagnant in the last four years. Rahul Singh Tomar is a farmer at Raisalpur village in the Narmadapuram district of Madhya Pradesh. The village is part of the Narmada valley and is famous for the fertile black soil that yields high-quality wheat. “The soil in our village is different,” Tomar told Mongabay-India. “Crops...
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